Europe's Telematics Insurance Companies Meet in London

Telematics Insurance Europe: Private Auto & Fleet 2015, an in- depth telematics meeting, developed by and for Insurance companies, will take place on September 16 and 17 in London.

According to a media release, the event brings together over 22 telematics integration experts from Europe's private auto and fleet insurance carriers, AXA Insurance, MAPFRE, RSA, Carrot Insurance, AGEAS, Zurich, as well as regulators European Data Protection Supervisor and the FIA.

With the telematics market set to grow exponentially from 14 million users in 2014 to exceed 28 million users by 2019, telematics is expanding beyond the 17-25 age market niche to gradually become a mainstream tool for insurance providers. As telematics is turning into a no-brainer, insurance carriers are now looking at deploying strategies that will drive customer adoption and retention while enabling performing data analytics to benefit customers.

To drive this nascent insurance telematics market into a phase of strong growth, insurance carriers still need to understand the prerequisites of developing engaging telematics propositions while embracing upcoming EU regulations that will impact data privacy and portability.

Luke Scanlon, Solicitor at Pinsent Masons, recently pinpointed that "In my view, the European telematics market, while still developing, is in a phase of strong growth (...). Insurance providers need to think about their data protection compliance framework - how to be transparent about their use of data, how to engage effectively with consumers regarding their rights (...). In terms of the flow of data, they should ensure that they have (...) the desired level of control over the data and oversight over the operation of the technology and the data network."

These time-sensitive questions will be at the heart of the upcoming Telematics Insurance Europe: Private Auto & Fleet 2015 Congress.

For the past decade, London Business Conferences have hosted summits across a multitude of industries, providing unique discussion and networking platforms to stimulate idea exchange that result into leading-edge initiatives and forward-looking strategies.

More Information:

http://www.auto-telematics-insurance-europe.com

((Comments on this story may be sent to [email protected]))